PACCAR Inc earnings overview

PCAR FY2026 Q1 · Calendar Q2 2026

PACCAR Inc

PACCAR's FY2026 Q1 results present a mixed picture: EPS landed exactly at the $1.15 consensus, but revenue of $6.23B missed estimates by 3.2%. The shortfall drove a sharp negative market reaction (-5.97% vs. SPY -0.49% on 2.3x baseline volume), followed by a further 6.1% drift lower. Despite the top-line miss, the operational story remains intact -- gross margins expanded to 13.1% with guidance toward 13.5% in Q2, build slots are fully allocated through Q2 and majority-filled for H2, and the Parts and Financial Services businesses continue to deliver record-level performance. The bullish score declined to 78 from 85 in the prior quarter, reflecting the revenue miss and softer near-term demand signals, though management tone stayed confident and guidance was maintained. The stock currently trades at $137.89, above the analyst consensus target of $126.00, suggesting the market had…